The U.S. holds roughly 600 million barrels of crude oil in giant caverns in Texas and Louisiana. Its current inventory is at its lowest since 2003.
By the end of next year, EIA estimates U.S. export capacity to overtake those of Australia and Qatar, the two largest LNG exporters.
Today’s featured Forty Under 40 honoree is Michael Mitchell, a vice president of Energy Spectrum Capital who currently conducts financial due diligence, execution and monitoring investment performance for the midstream venture capital firm.
The 450-mile (724 km) Longhorn pipeline can transport up to 275,000 barrels per day (bbl/d) of crude from West Texas to Houston.
"We're not going to do it for the hell of it. There has to be a business there," co-CEO Jim Teague said during remarks at the World Petroleum Congress on Dec. 8.
Cheniere asked FERC in a filing late on Dec. 7 to extend the amount of time it has to put Stage 3 into service until June 2027.
Airborne robots can conduct aerial intelligence, surveillance and reconnaissance across the entire spectrum of a company’s operations.
Today’s featured Forty Under 40 honoree is Matthew Melton, vice president of EnCap Flatrock Midstream where he supports all finance, administrative and accounting functions of the firm’s funds and portfolio companies.
Friends of the Earth said in a statement that the project was incorrectly judged to be compatible with the Paris climate agreement, without proper assessment of its climate impacts.
Although carbon capture, transport, use and storage is dominated by oil and gas producers now, it represents a significant growth area for the midstream sector.